The minimum deposit to earn the 1.31% APY is $100k, with deposits below $100k earning an APY of 1.16%.

APY

MIN

MAX

INSTITUTION

PRODUCT

DETAILS

1.36*%

$1k

-

Air Force Federal Credit Union

1 Year CD

0.50*%

$1k

-

Air Force Federal Credit Union

1 Year IRA (Traditional, Roth, CESA)

Accounts mentioned in this post. Rates as of August 17, 2017.

There have been 14 rate changes for the 1-year Share Certificate in nearly five years, with this week’s increase resulting in the highest APY since August 2011.

The 1-year Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated in the Truth in Savings Account Disclosure (attached to the online application), the Early Withdrawal Penalty reads as follows:

The penalty we may impose will equal one half of the dividends that would accrue from the date of the withdrawal to the maturity date applying the contracted rate on the certificate based to the amount withdrawn over and above any dividends credited or accrued to the certificate to date of withdrawal.

Availability

Headquartered in San Antonio, Texas, Air Force Federal Credit Union's field of membership is primarily (and historically) comprised of military and civilian employees of the Department of Defense, but membership is open to all U.S. residents through the Airman Heritage Foundation.

A list of more than 40 organizations and companies that qualify for membership is available on the Air Force FCU’s website. The majority of these qualifying organizations are Department of Defense related and are located in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas.

Joining and/or opening a CD with Air Force FCU can be done online or in person at any of eight Texas branches located in Del Rio, San Antonio (6), and Schertz.

Established in 1952, Air Force Federal Credit Union (NCUA Charter # 8169) takes pride in "being built from the ground up by Airmen volunteers." With more than 41,200 members and assets in excess of $364 Million, Air Force FCU has been named "Credit Union of the Year" (less than $1 billion in assets category) by the United States Air Force in 1996 and 2013.

How the CD Compares

When compared to the 143 similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, Air Force Federal Credit Union’s 1-Year Share Certificate currently ranks third, regardless of minimum deposit requirement.

The above rates are accurate as of 4/9/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

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Air Force Federal Credit Union recently increased its 1-year and 2-year CD rates. Also noteworthy is that its 7-year CD rates remain very competitive. The credit union's top-tier 1-year and 2-year CD rates went up by 15 basis points. The Jumbo 1-year CD now has a 1.00% APY, and the Jumbo 2-year CD has a 1.10% APY. These require a $100K minimum deposit. The rates for deposits under $100K are 0.85% APY for 1-year and 1.00% APY for 2-year. The credit union's Jumbo 7-year CD yield is still 2.00%. For...

It has become very difficult finding CD rates over 2.00% in this awful interest rate environment. That's even the case for long-term CDs with terms over 5 years. In the last few months, we have seen several credit unions that have cut their long-term CD yields to 2.00% or lower. One credit union that hasn't yet cut rates like this is Air Force Federal Credit Union. It's still offering a 7-year CD and IRA CD with a 2.25% APY for a $100,000 minimum deposit and a 2.20% APY for a...

Air Force Federal Credit Union did something that's not common these days. It made some large rate increases on its share certificates. Its long-term CDs and IRA CDs are now competitive. The best ones include a 2.75% APY 7-year CD, 2.20% APY 5-year CD and a 1.60% APY 3-year CD. Minimum deposit is $100,000. For the 7-year and 5-year CDs, rates are 5 basis points lower for a $2,500 minimum deposit. These rates are listed in the credit union's rates page as of 1/19/2012.

Air Force FCU continues to offer competitive 3-year and 5-year CD rates. The best rates require a $100K minimum deposit and include a 3.00% APY 5-year CD and a 2.40% APY 3-year CD. For the 5-year CD, the rate only goes down by 5 basis points for deposits as small as $2,500. For the 3-year CD, the rates include a 2.35% APY for $25K, 2.30% APY for $12.5K and 2.25% APY for $1K. These rates are listed in the credit union's savings rates page as of 11/02/2010.

Air Force FCU has come out with a very competitive 18-month CD special. Rates range from 2.25% APY for a $100K minimum deposit to 2.00% APY for a $1,000 minimum. The following is a full list of the rates as listed in the credit union's savings rates page as of 7/5/2010:

2.25% APY 18-month CD min $100,000

2.20% APY 18-month CD min $25,000

2.15% APY 18-month CD min $12,500

2.10% APY 18-month CD min $2,500

2.00% APY 18-month CD min $1,000

These same rates are also available for IRA certificates. The credit union's early withdrawal penalty...